Concord Corporationretires its $360000face value bonds at101on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $346500. The entry to record the redemption will include a

credit of $13500to Discount on Bonds Payable.

debit of $3600to Premium on Bonds Payable.

credit of $13500to Loss on Bond Redemption.

debit of $17100to Gain on Bond Redemption.